§ 8-1-32-7 — Public utility ordered to extend water utility service; rate adjustment

Indiana § 8-1-32-7

• Jurisdiction: Indiana
• Art. 1: UTILITIES GENERALLY
• Ch. 32: Water Wells

Text

If the commission approves the project, the
commission shall, at the request of the health agency, direct the local
public utility to undertake and complete the project. The commission
shall enter such an order only if both of the following apply:
(1) The commission's order authorizes an increase in the local
public utility's water rates in an amount sufficient to cover the
local public utility's depreciation expense related to its investment
in the project and provide the local public utility an after-tax
return on the undepreciated portion of the project at a rate not less
than the rate of return allowed the local public utility on its rate
base in its most recent general rate order as:
(A) set out in the order; or
(B) stipulated by the local public utility and the office of the
utility consumer counselor.
(2) The rate adjustment associated with the project will not
increase the local public utility's rates by more than one percent
(1%).

Legislative History

As added by P.L.94-2000, SEC.2.